AUD/CAD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 0.897355 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.90173 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three White Soldiers’ candlestick chart pattern is found. The candles form ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90785 |
| 2nd High | 0.90517 |
| Next High | 0.90173 |
| Current Price | 0.89612 |
| Next Low | 0.89541 |
| 2nd Low | 0.89518 |
| 3rd Low | 0.89298 |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers